Category Archives: Oil

The Stock Market Is Seriously Overvalued Based On This Benchmark – SRSrocco Report

Source: The Stock Market Is Seriously Overvalued Based On This Benchmark – SRSrocco Report

BRICS for gold: a dollar-smashing monetary revolution | Asia Times

A BRIC worth its weight in gold

Days before the official beginning of the summit, China announced that it was launching a crude-oil futures contract that will be priced in gold-backed yuan that can be easily converted to gold at the exchanges in Shanghai and Hong Kong.

The “Cold War for Oil” is officially on, and the seeingly unassailable Brent crude futures are now in for serious competition.

A BRIC worth its weight in goldDays before the official beginning of the summit, China announced that it was launching a crude-oil futures contract that will be priced in gold-backed yuan that can be easily converted to gold at the exchanges in Shanghai and Hong Kong.The “Cold War for Oil” is officially on, and the seemingly unassailable Brent crude futures are now in for serious competition.

Source: BRICS for gold: a dollar-smashing monetary revolution | Asia Times